Revus Wins Approval for Gaupe Farm-in

Varg Field, Norwegian North Sea
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Revus' transaction with Pertra is now approved by Norwegian authorities.

Both the Ministry of Petroleum and Energy and the Ministry of Finance have now approved Revus Energys purchase of a 20 % share of PL 337 from Pertra.

The new composition of owners in PL 337 is as follows: Pertra 45 % (operator), BG Norge 25 %, Revus Energy 20% and Talisman Energy 10 %.

PL 337 is situated north of the Varg Field. The operator plans to drill the Gaupe Prospect in PL 337 during the summer of 2007 using the rig Maersk Giant.

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